VP, Head of Investment Risk
New York City, NY, USA | Global Atlantic Financial Group
Industry:Insurance - General
Functions:Financial Services Professional
Job Description:111 people have viewed this job
Reporting directly to the Head of Enterprise Risk Management, the Head of Investment Risk will lead a dynamic group in a company that prides itself in risk and investment sophistication. As a leader at Global Atlantic, this role will be a leader in a highly visible risk program that includes development and implementation of the investment risk appetite framework, ALM, liquid asset risk, illiquid asset risk, investment capital modeling, liquidity risk, stress testing, etc.
Responsibilities of this role include development of a comprehensive investment risk framework, the articulation and refinement of risk appetite principles, risk capture, risk limits and targets, as well as reporting both in terms of data-driven aggregation and top-down communication with senior management and the Board. This role is expected to lead and participate in other activities around macro risk-mitigating strategies related to GAAP, statutory and economic balance sheets, as we seek the balance between risk and reward. This role will be based in New York City in Global Atlantic’s new office space at 4 World Trade Center.
Key responsibilities include:
Ensure investment risk appetite for Global Atlantic is appropriately defined for all risk types with sufficient granularity to enable deep understanding; defining policies and strategies for managing these risks; ensuring macroeconomic, ALM, market, credit and other risk metrics are embedded into decision making and business planning.
Continually challenge and ensure investment risk profile stays within agreed risk appetite through the establishment, review and monitoring of risk limits.
Oversee development and implementation of a portfolio VaR model
Advise business leaders by forming an independent view of risks and providing effective push-back and analysis of risk.
Take an active role in balance sheet growth activities, including reinsurance and M&A transactions, ensuring risks are identified and mitigated, and that the business establishes appropriate infrastructure and controls.
Lead and participate in cross-functional risk management activities such as ALM, hedging, liquidity management, product development, assumption review, enterprise scenario definition, capital planning, etc.
Maintain an appropriate risk governance structure to ensure effective investment risk oversight, reporting and escalation of material risk events/issues to the appropriate parties.
10-15 years of experience in investment risk or asset management
Deep understanding of credit and structured products; additional illiquid asset experience is a plus
Advanced Degree and CFA preferred
Solid finance/ analytical/quantitative background
Leadership skills, including the ability to manage a team of 4-6, ability to develop deep relationships across the organization, ability to influence peers and senior management in a complex financial operation
Skilled communicator with the ability to influence to motivate others
Considerable knowledge and experience of best practice risk management and governance frameworks, methodologies, and emerging practice in financial services
Proven problem solving and decision making skills with the ability to analyze complex information to identify the key issue/action and drive resolution
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